Union Schools Education Foundation Inc

Analysis

Union Schools Education Foundation Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Union Schools Education Foundation Inc reported income of $1.4m and spending of $891k, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $888k to $1.4m (+63%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 68%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Union Schools Education Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within OK. Charities of a similar size with the same main cause include R Merle Palmer Minority Scholarship Foundation ($1.4m), United Voices for Newcomer Rights ($1.4m) and Arizona Chamber Foundation ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $60k (6.7% of expenses). Other salaries and wages came to $15k. At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m. It reported 2 employees.